First Community (NASDAQ: FCCO) director adds 1,004 deferred stock units via compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Community Corporation director Thomas Carlton Brown increased his equity-based compensation position through a deferred stock unit grant. He was credited with 1,004 deferred stock units for the first quarter of 2026, calculated using a First Community common stock consolidated closing bid price of $29.17 on March 31, 2026. Following this award, he directly holds a total of 41,422 shares and deferred stock units, including 9,827 deferred stock units that accrue dividend equivalents in the form of additional deferred stock units. Each deferred stock unit will convert into one share of First Community common stock upon distribution from the Non-Employee Director Deferred Compensation Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BROWN THOMAS CARLTON
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,004 | $29.17 | $29K |
Holdings After Transaction:
Common Stock — 41,422 shares (Direct)
Footnotes (1)
- The reporting person has elected to defer compensation in the form of deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"). Pursuant to the terms of the Plan, the reporting person was credited with 1,004 deferred stock units, based on the amount of compensation deferred by the reporting person under the Plan during the first quarter of 2026 divided by the First Community Corporation common stock consolidated closing bid price of $29.17 on March 31, 2026. Includes 9,827 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including 48 deferred stock units credited pursuant to the terms of the Plan as dividend equivalents during the first quarter of 2026. Deferred stock units under the Plan receive dividend equivalents in the form of additional deferred stock units, and shares of First Community Corporation common stock will be issued on a one-for-one basis in respect of deferred stock units upon a distribution from the Plan.
Key Figures
Deferred stock units granted: 1,004 units
Reference share price: $29.17 per share
Total holdings after transaction: 41,422 shares/units
+2 more
5 metrics
Deferred stock units granted
1,004 units
Compensation deferred for Q1 2026
Reference share price
$29.17 per share
Consolidated closing bid on March 31, 2026
Total holdings after transaction
41,422 shares/units
Common stock plus deferred stock units after award
Deferred stock units outstanding
9,827 units
Deferred stock units under director deferred compensation plan
Dividend equivalent units credited
48 units
Additional deferred stock units from dividend equivalents in Q1 2026
Key Terms
deferred stock units, dividend equivalents, Non-Employee Director Deferred Compensation Plan
3 terms
deferred stock units financial
"The reporting person has elected to defer compensation in the form of deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dividend equivalents financial
"Deferred stock units under the Plan receive dividend equivalents in the form of additional deferred stock units"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Non-Employee Director Deferred Compensation Plan financial
"under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan")"
FAQ
What insider transaction did FCCO director Thomas Carlton Brown report?
Thomas Carlton Brown reported an acquisition of 1,004 deferred stock units. These units were credited as part of a non-employee director deferred compensation arrangement for the first quarter of 2026, based on a First Community common stock price of $29.17 per share.
Was the FCCO Form 4 transaction an open-market buy or a compensation award?
The Form 4 shows a compensation-related award, not an open-market purchase. Brown elected to defer director compensation into deferred stock units under the company’s Non-Employee Director Deferred Compensation Plan for the first quarter of 2026.
At what price were the new FCCO deferred stock units calculated for Thomas Carlton Brown?
The 1,004 deferred stock units were calculated using a reference price of $29.17 per share. This price reflects the consolidated closing bid price of First Community Corporation common stock on March 31, 2026, as specified in the plan terms.
How do dividend equivalents work on FCCO deferred stock units in Brown’s plan?
Deferred stock units in Brown’s plan receive dividend equivalents as additional units. During the first quarter of 2026, 48 extra deferred stock units were credited as dividend equivalents, and each unit will convert into one FCCO share upon distribution from the plan.